Posts tagged “Vivek Wadhwa”
A short letter to the editor in The Wall Street Journal by VC firm Kleiner Perkins co-founder Tom Perkins ignites a firestorm of criticism from other venture capitalists as well as former Triangle entrepreneur-turned-academic Vivek Wadhwa. But Wadhwa, a frequent critic of VCs and Silicon valley's elites, says more than Perkins need to change.
Opinion: Despite what critics say, the United States stands on the cusp of a dramatic revival and rejuvenation, propelled by an amazing wave of technological innovation. A slew of breakthroughs will deliver the enormous productivity gains and the societal dramatic cost savings needed to sustain economic growth and prosperity. These breakthroughs, mostly digital in nature, will complete the shift begun by the Internet away to a new era where the precepts of Moore's Law can be applied to virtually any field.
Analysis: More recently, we became disappointed with solar energy and electric cars. The good news is that this disappointment will soon turn into amazement as well. I know because I live in a solar home and drive a Tesla electric car that I say is a spaceship that travels on land.
Opinion: Whether you agree or disagree and regardless of whether you love outsourcing or hate it, much more of it lies ahead. The nature of work is itself changing: it is democratizing. Outsourcing is being superseded by crowdsourcing -- which is enabling anyone to take a job anywhere. Having people all across the world collaborate in this way will not only disrupt industries but also change societies.
Opinion: But the task isn't easy. Finding toys that appeal to girls and that inspire them to study science and technology isn't easy, however, as Andrea Guendelman learned when shopping for her five-year-old daughter. She wanted a chess set that her daughter would like. She found nothing. Then she looked for a girls' science kit and found nothing. When she talked to other mothers, they expressed the same frustration--that the toys and apps that inspire children to learn science and mathematics are geared toward boys rather than toward girls.
Twitter has garnered worldwide attention for its bad corporate governance practices and its inappropriate response to criticism. The company needs to be congratulated, however, for announcing that it is adding Marjorie Scardino to its board. Scardino is former chief executive of publishing giant Pearson and is highly accomplished. She is known for being outspoken. One woman board member isn't enough, however, no matter how competent or outspoken she is.
Analysis: The nature of work itself is changing for knowledge workers. During this decade, location will cease to be a barrier; many types of work will done as micro-tasks; and we will be collaborating in new ways. What will be most problematic is that our employers will make even greater demands on us and further intrude into our lives. This is the future we are headed into, whether we like it or not.
Opinion: Governments can build infrastructure and pump money into education and R&D. But they cannot manufacture innovation. Innovation comes from creative people who challenge authority and take risks--who exchange ideas and experiment at the fringe. This is not possible in China. And its government's efforts are hampering innovation rather than fostering it.
Opinion: One of the technology industry's most serious shortcomings is that it leaves out women and some minorities. I have written a lot about the dearth of women and why this is an important issue. I am also crowdcreating a book, Innovating Women, on how to fix this imbalance. In a nutshell, we need to do this for the economy and to boost innovation.
Kids working in basements on shoestring budgets can now solve humanity's grand challenges and this is what we want our children doing instead of engineering the financial system as companies such as Goldman Sachs do, says Vivek Wadhwa.
The stereotypical successful entrepreneur is Mark Zuckerberg--the young college dropout who dreamed up a crazy idea while in his dorm room. The fact is that you are never too old to innovate, Vivek Wadhwa says.
The Economist and my friends at TechCrunch asked if I would debate Nobel Prize winner Robert Shiller at The Economist's high-powered Buttonwood Gathering on Goldman versus Google: A career on Wall Street or in Silicon Valley? To my friends, this is a no-brainer. Why would anyone in their right mind want graduates to sell their souls to Goldman? But this is a conference of the elite of the financial services industry. These people actually believe the opposite.
Opinion: Board meetings are not hackathons, in which geeks come together to write computer code. They are about corporate governance and protecting the interests of shareholders. Board members do not need technical skills, other than the ability to operate a laptop or smartphone. The role of the board is to review the performance of the chief executive, monitor finances and budgets, approve compensation, and help set corporate strategy. Having an understanding of the industry is very helpful, but not every board member needs to be an expert. There are thousands of women who can do this.
Opinion: Twitter proved this week a point that I have long been making: that Silicon Valley is a boys' club--a fraternity of the worst kind--stacking the deck against women, overlooking blacks and Hispanics, and providing unfair advantage to an elite, connected, few who have learnt the Valley's rules of engagement and mastered them.
Opinion: Vivek Wadhwa, a former triangle entrepreneur and an academic at Duke as well as several other universities, calls out Twitter CEO Dick Costoloo about the lack of female representation in the company's senior management and board. Costello has reacted strongly to Wadhwa's remarks, calling him the "Carrot Top" of academia. Wadhwa has demanded an apology.
Editor's note: In September, WRALTechWire wrote exclusively about Triangle entrepreneur Chris Evans' efforts to bridge the technology divide in schools by providing low-priced tablet computers. He worked with former Triangle entrepreneur Vivek Wadhwa on the project. Today, Wadhwa writes about how these tablets could revolutionize education.
When India's Economic Times asked me to compare Google with Facebook, the comparison struck me as odd. Google is exploring uncharted territory and staking its claims to the next trillion-dollar market opportunities. Facebook is mired in the past and squeezing every penny it can out of its customers to justify its inflated stock price. Unless it happens to luck out by buying the right company, it seems to me, Facebook is doomed.
Vivek Wadhwa: Imagine a computer physician that travels with you wherever you go. It tracks your temperature, heart rhythm, blood pressure, and emotional stress levels. It warns you when you're about to get sick or have a breakdown. It tells you where there is an outbreak of disease--and where not to go. And it provides all these data to your human physician--if you ever need one. I'm talking about version 1 of the tricorder that we saw on Star Trek. That is the future that the Apple iPhone 5S has just brought us a step closer to.
Opinion from Vivek Wadhwa: Frustrated that Silicon Valley's entrepreneurs "were not on focused on breakthrough technologies that will take civilization to the next level", Peter Thiel announced the Thiel Fellowship in September 2010. He paid children $100,000 not to complete their college education. His plan was to have them build world-changing companies instead of wasting their time at school and being burdened by "incredible amounts of debt." So far, however, results have been meager.
Vivek Wadhwa: Microsoft's announcement that it is buying Nokia's Devices and Services unit shows it thinks that by acquiring the right technology, it can regain its lost momentum. Sadly, the company is mistaken. Microsoft's problem isn't that it has too little technology; it has too much. And it has too many smart people whose talent is being wasted.